Listing ID: 65956

Business Overview

This family-owned business has been a staple in New York City for 40 years, specializing in intercom repairs, locksmith services, and low voltage installations. With a strong reputation built on referrals, the company operates across all five boroughs of New York City, Long Beach, and occasionally Yonkers and Mount Vernon. The business offers a diversified range of services that includes:

Intercom Repairs (50% of Revenue): The largest revenue stream, driven by a patented intercom system that is pre-installed in several residential and commercial buildings across New York City. This patented system provides a strong foundation for ongoing maintenance contracts, which generate consistent recurring revenue from servicing these installed intercom systems.

Locksmith Services (25% of Revenue): Offering expert security hardware, smart locks, and electronic strikes for homes and businesses, with a focus on safety and access control solutions.

CCTV & Security Systems (25% of Revenue): Providing CCTV systems, roof alarms, and other comprehensive security solutions to safeguard properties. The business also specializes in aluminum entrance doors and government-approved mailboxes.

The business operates with a loyal customer base, relying primarily on referrals for new business and has developed a reputation for trustworthy, efficient service delivery.

Financial Overview:

Total Income (2024): $967,976

Net Income (from tax return): $82,742

Add-Backs:

SDE Calculation:

  • Net Income: $82,742

  • Family Wages Add-Back: $150,000

  • Real Estate Tax Adjustment: $7,000

Total SDE = $82,742 + $150,000 + $7,000 = $239,742

Included Assets:

The sale of the business will include a variety of essential assets, valued at approximately $75,000, to ensure continued operations post-sale. These assets are critical to the business’s core operations and customer service capabilities:

Office Equipment:

Computers, printers, furniture (desks, file cabinets, etc.)

Intellectual Property:

Patent for the intercom system: This patent covers the company’s unique intercom technology, which is installed in numerous buildings. The patented system is a key revenue driver through maintenance contracts, ensuring ongoing income as these systems require regular service and updates.

Equipment and Tools:

(2) Key Machines

Electronic parts and equipment for assembling systems

Blank PC boards for intercom systems

Assembled intercom systems for installation

Security Systems:

Roof Alarms 

Wiring for intercom systems, cameras, and access control systems

Locks

Cameras

Apartment stations

Vehicles:

(3) Service vehicles:

(2) 2017 Nissan Versa

(1) 2017 Nissan Rogue Sport

Mileage: ~70k per vehicle

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Hedgestone Business Advisors. Message and Data rates may apply.

FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $649,999
  • Cash Flow: $239,742
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes,

Purpose For Selling:

Other business interests.